Mr. Richard Kellam reports

DATA COMMUNICATIONS MANAGEMENT CORP. ANNOUNCES AMENDED SENIOR REVOLVING CREDIT FACILITY

Data Communications Management Corp. has entered into a fourth amended and restated credit agreement with a Canadian chartered bank, extending the maturity date of its senior secured revolving credit facility to May 31, 2028. The bank credit facility also includes an expanded leasing facility to finance future equipment purchases along with a number of reporting enhancements.

Management commentary

"We are pleased to complete this transaction, which provides us with increased flexibility to invest in the growth of the business and execute on our strategic priorities," said Richard Kellam, president and chief executive officer of Data Communications. "We appreciate the continued support of our senior bank credit partner and confidence in our strategic direction."

Key terms of amended bank credit facility

The maturity of the bank credit facility has been extended by two years to May 31, 2028 (previously May 31, 2026). The maximum principal amount available under the bank credit facility remains $90-million. The accordion feature, which can provide up to an additional $20-million capacity under the revolving facility, also continues. The bank credit facility is available to be drawn by way of either prime rate loans, base rate loans, Canadian overnight repo rate average loans, secured overnight financing rate loans and/or letters of credit.

The bank credit facility includes a treasury management facility of up to $5-million to manage foreign exchange and interest rate risk, and a corporate credit card facility of up to $750,000 to finance business expenses and general corporate expenses. Under the terms of an expanded equipment leasing facility, Data Communications is able to finance up to $10-million of additional capital to finance the purchase price of capital equipment over the term of the bank credit facility.

The bank credit agreement features additional flexibility for the company in its reporting to the bank compared with its prior credit facility, including a basket for permitted acquisitions of up to $10-million, and permitted distributions including share buybacks, dividends and other distributions, subject to certain conditions. All other terms and conditions of the bank credit facility remain materially unchanged.

The terms and conditions of the bank credit facility are set out in the fourth amended and restated credit agreement that will be filed on SEDAR+.

About Data Communications Management Corp.

Data Communications is a leading Canadian technology-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. Data Communications serves over 2,500 clients including 70 of the 100 largest Canadian corporations and leading government agencies. Its core strength lies in delivering individualized services to its clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management, digital signage and digital asset management. From omnichannel marketing campaigns to large-scale print and digital workflows, its goal is to make complex tasks surprisingly simple, allowing its clients to focus on what they do best.

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